Ashok Leyland bets big on construction gear market, rolls out backhoe loader

New Delhi : Heavy vehicles major Ashok Leyland, the flagship company of the Hinduja Group, and US-based agriculture machinery maker John Deere on Tuesday announced entry into the Indian construction equipment business with the launch of earth mover 435 Backhoe Loader.

The product is the first out of the 50:50 joint venture between the two companies, almost three years after they forged the partnership.

Going forward, the company feels infrastructure in India needs a 1 trillion dollar investment and Ashok Leyland wants to make the most of it.